Most of you are going to get liquidated on your accounts in currency $STG today because you simply don’t understand how liquidity works.
Look at the chart closely. Everyone is in a state of panic and selling with this dip from $0.45, but they are completely blind to the fact that STG is still up over 26% today, and a massive 230% over the past 180 days. This isn’t a crash; it’s a terrifying bear trap designed specifically to shake out the weak hands before the next rally.
The order book shows that sell orders represent 55%, giving the bears a false sense of control, but the trading volume over the last 24 hours has hit a staggering $1.07 billion STG. The liquidity is turning into a pressure cooker ready to explode. While everyone is crying over this slight drop to $0.4031, I’m quietly building my position. I’m entering a long trade here, because missing this entry before the price returns to and breaks $0.45 will leave you regretting it for weeks. Sleep if you want, but don’t complain later when you buy the breakout at the top.
Look at the chart closely. Everyone is in a state of panic and selling with this dip from $0.45, but they are completely blind to the fact that STG is still up over 26% today, and a massive 230% over the past 180 days. This isn’t a crash; it’s a terrifying bear trap designed specifically to shake out the weak hands before the next rally.
The order book shows that sell orders represent 55%, giving the bears a false sense of control, but the trading volume over the last 24 hours has hit a staggering $1.07 billion STG. The liquidity is turning into a pressure cooker ready to explode. While everyone is crying over this slight drop to $0.4031, I’m quietly building my position. I’m entering a long trade here, because missing this entry before the price returns to and breaks $0.45 will leave you regretting it for weeks. Sleep if you want, but don’t complain later when you buy the breakout at the top.